TipRanks’ Technical Analysis Screener gives investors everything they need to find the stocks that fit their unique technical analysis investment strategy. Using the screener, we have identified three stocks that are considered Strong Buys according to both their technical analysis score and Wall Street analysts’ ratings.
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Here are this week’s stocks:
Target Corp. (NYSE:TGT) – TGT operates a chain of discount department stores and hypermarkets. The stock has a Strong Buy overall technical analysis score. It also has a Strong Buy analyst consensus rating, with a 12-month consensus price target indicating an upside of about 9%.
Micron (NASDAQ:MU) – Micron is a global technology company that produces memory and storage solutions, including semiconductor devices and computer memory. The stock carries a Strong Buy overall technical analysis score. Analysts concur with that sentiment, giving a Strong Buy consensus rating with a 12-month price target that implies an upside of over 7%.
Synopsys (NASDAQ:SNPS) – SNPS is a software company that develops electronic products and software applications in the electronic design automation industry. The stock has a Strong Buy overall technical analysis score. Likewise, analysts have given SNPS stock a Strong Buy consensus rating, with a 12-month price target indicating about 10% upside on the stock.
What Is the TipRanks Technical Analysis Score?
TipRanks’ unique calculation combines the Moving Average score and the Oscillator score to assess a stock’s technical strength or weakness. The score provides a comprehensive view of a stock’s potential price movement based on historical data and technical analysis.
